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Coffeyville commission approves first reading to split electric rate increase: 2% in July, remainder in January
Summary
After extended debate about reserves and wholesale cost pressure, the Coffeyville City Commission approved a first reading of amendments to electric rates to take effect in two steps: a 2% increase in July and the remaining 5% in January.
The Coffeyville City Commission voted to approve the first reading of Ordinance G-25-01 with an amendment to split a proposed electric-rate increase into two parts: a 2% rise to take effect in July and the remaining 5% to take effect in January.
Commissioner Hendricks opened the discussion by proposing an immediate 2% increase, saying, "I'm proposing we amend that we raise the electric rate by 2% as soon as possible," citing recent and projected wholesale cost increases and the utility's declining cash reserves. He framed the change as a partial implementation of a larger rate adjustment previously planned for January.
Chris Weiner, the…
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